India eyes foreign investment in futures

RBI waiting for amendments to Forward Contract Regulation Act

The Reserve Bank of India is reported to
be prioritising access to foreign market participants to
its commodity futures markets.

According to local media reports, the
Indian central bank is favouring investment from foreign
companies and traders to hedge their commodity risk on futures
exchanges, as it awaits amendments to the Forward Contract
Regulation Act, over allowing local banks and institutional
investors to operate on the commodity markets.